Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Macro Chapter 8

TermDefinition
deflation condition occurring when overall prices fall
consumer price index (CPI) a measure of the price level based on the consumption patterns of a typical consumer
chained CPI a measure of the consumer price index in which the typical consumer's "basket" of goods and services considered is updated monthly
shoe-leather costs the resources that are wasted when people change their behavior to avoid holding money
money illusion the interpretation of nominal changes in wages or prices as real changes
nominal wage a worker's wage expressed in current dollars
real wage the nominal wage adjusted for changes in the price level
output the product that the firm creates
capital gains taxes taxes on the gains realized by selling an asset for more than its purchase price
equation of exchange an equation that specifies the long-run relationship between the money supply, the price level, real GDP, and the velocity of money
velocity of money the number of times a unit of money exchanges hands in a given year
Created by: v.virgil
Popular Economics sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards